Units 1-3, Roman Way Retail Park, Cannock

Description

  • Price Offers in excess of £5,350,000
UNDER OFFER

A terrace of three prime retail warehouse units constructed in 2012, situated at the gateway to Cannock when approaching from the M6.

Total rental income of £570,205.20 per annum.

Fully let to DFS, Porcelanosa and Starplan Furniture – all rated very low risk by Creditsafe.

Total floor area of 24,524 sq ft (2,278 sq m) on a site area of 1.88 acres (0.76 hectares).

WAULT to break and expiry of 7.28 years and 7.73 years respectively, assuming a calculation date of 1 December 2024.

We are instructed to seek offers in excess of £5,350,000 (Five Million Three
Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this price reflects an attractive net initial yield of 10.00%, assuming
standard purchasers costs of 6.60%, and a capital value of £218 per sq ft.

Downloads

Roman Way Retail Park Cannock.pdf

Team

Damian Lloyd

Alex Darlington

07904 630147
0121 609 8325

Jack Lloyd

07747 883 231
020 7317 3796

Please Use the Form Below for Further Information:


We will not send you spam or share your email address.